https://www.miningweekly.com

Arrium reports major refinancing

21st May 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed Arrium on Thursday announced that it had refinanced some $200-million of debt facilities due in 2017.

Arrium CFO Robert Bakewell said that the company had around A$1.3-billion of available committed undrawn facilities at the end of December, with the company previously indicating that it would assess its future facility requirements.

Bakewell said that it was decided that some A$170-million of syndicated facilities, due to mature in 2017, would be retired as part of the refinancing.

The refinanced facilities have a tenor of four years and included domestic and overseas lenders. The average interest rate for the total drawn and undrawn funding was expected to remain at around 4%.

“We are pleased with the outcome of this refinancing. We have a diversified earnings structure and this, in particular, underpinned support from our lenders,” Bakewell said.

Edited by Creamer Media Reporter

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.182 0.219s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: